Best Places to Invest in Property in the UK in 2024

While there has been a lot of speculation about the housing market crash and the overall future of the UK housing market over the last few months, one thing still holds true – property still matches up well against other forms of investment and there are plenty of lucrative opportunities available for property investors. With plenty of hotspots around the UK that are still yielding high returns for investors, here’s our list of the top 10 best places to invest in property in the UK in 2024.

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Best Districts to Invest in Property in the UK

According to Zoopla, Scotland’s East Ayrshire takes the top spot as the best area to invest in property in the UK. A report by the property portal shows the rental yields that buy-to-let investors are earning across the UK, with East Ayrshire ranking number one with a gross yield of 8.5%.

The North East came in second place on the list of best buy to let areas in the UK. as one of the highest gross-yielding regions for property investors looking for high returns. Thanks to investor hotspots like Hartlepool and Middlesborough, the region boasts yields ranging between 7.60% and 7.80%.

The East of England as a whole was the fastest growing region with annual growth of 9.7%, according to the June 2022 UK House Price Index

The North West also ranks high on the best buy to let areas in the UK, with Burnley taking the lead with a gross yield of 7.92%

The graphic below ranks the top 10 best buy to let areas in the UK by district.

Top 10 Towns & Cities to Invest in Property in the UK

Towns and cities that rank the highest on the list of the best buy to let areas include the market town of Burnley, the port town of Hartlepool and the coastal city of Liverpool. Below is a breakdown of some of the best cities and towns to invest in property in the UK which spotlights average house price changes between June 2021 and June 2022.

1. Burnley

The thriving market area of Burnley is crowned the best area to invest in property in the UK. Its 7.92% yield paired with high price growth of 15% between June 2021 and June 2023 makes it a top contender. According to the June 2022 UK House Price Index.

2. Hartlepool

The North East seaside and port town of Hartlepool takes second place on our list of best buy to let areas in the UK. Hartlepool is not only more affordable when it comes to buying an investment property but also has one of the highest rental yields, making it a no-brainer for investors.

3. Middlesborough

Middlesborough is the third best area to invest in property. Amongst many of its accolades, it also ranks high on our list of best places to invest in property in the UK. As well as a remarkable 7.61% yield, Middlesborough also has the highest price growth on our list, making it one of the best buy to let areas in the UK.

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4. Sunderland

Next on our list of the best places to invest in property in the UK is Sunderland. The historic port city saw an 8.8% property price increase between June 2021 to June 2022. Not to mention it boasts an impressive 7.61% gross yield.

5. Liverpool

The maritime city of Liverpool is fifth on our list of the best places to invest in property in the UK. Ranked the third best place to start a business, thanks to its digital infrastructure, the vibrant city has a lot to offer.

With economic, business and investment growth projected to continue, this makes it a hotspot for investors. Along with seeing an impressive 9.5% price growth between June 2021 and June 2022, the city also boasts 7.02% gross yield.

6. Nottingham

Famed for its heroic outlaw, Robin Hood, Nottingham is sixth on our list of best areas for property investment. House prices grew by 12.4% between June 2021 and June 2022 alone. Not to mention, you can expect average gross yields of 6.49%.

7. Kingston Upon Hull

The port city of Kingston upon Hull ranks 7th best area to invest in property. Named after the river Hull, the well-connected maritime city’s economy has been revitalised thanks to a large number of major investment programmes. This makes it attractive for any investor looking for high returns, with an average of 6.42% in gross yield and a 9.6% house price growth.

8. Plymouth

Plymouth property investment is thriving. The vibrant waterfront city saw the second-highest property price increase on our list of the best places to invest in property in the UK as well as an impressive 5.64% gross yield.

9. Portsmouth

Our list of best areas for property investment wouldn’t be complete without Portsmouth. With exciting multi-million-pound development schemes, the historic maritime city has lots of is an undeniable hotspot for property investors which boasts a 5.6% gross yield.

10. Peterborough

Coming in 10th place is the classic ocean city of Peterborough. Boasting two universities and exciting development opportunities, the historic city is a strong contender in our list of best areas for property investment. Boasting a notable 13.1% property price increase between June 2021 and June 2022, the city also yields an impressive 5.49% gross yield, making it a great choice for property investors.

Conclusion

We hope this article on the best places to invest in property in the UK in 2024 has helped you discover potential areas to invest in. It’s worth noting that high-yield investment properties can be found in virtually any area. Ultimately the area is only one piece of the puzzle.

To find the overall best area to invest in property, you’ll want to consider things like how easy it is to find tenants, house price growth and any investments being made in the local area. Resources like the Aldermore buy-to-let tracker which analyses five key indicators that impact buy-to-let desirability are a great help. We recommend that you do your due diligence and get to know an area thoroughly before committing as these key elements will significantly impact your ROI.

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